ALL IN ALL: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
ALL IN ALL
Largest movements
- Cash +€75,291
up €75,291 (+81.1%), from €92,840 to €168,130
mainly Stocks and contracts (+€50,010) and Depreciation (+€28,782)
- Stocks and contracts -€50,010
down €50,010 (-20.0%), from €250,260 to €200,250
- Tangible fixed assets -€26,776
down €26,776 (-6.6%), from €404,527 to €377,751
of which Land and buildings: -€25,119
- Receivables within one year -€11,227
down €11,227 (-30.1%), from €37,266 to €26,039
of which Trade receivables: -€11,227
- Debts after one year -€22,195
down €22,195 (-7.8%), from €284,671 to €262,476
- Staff costs -€7,103
down €7,103 (-91.3%), from €7,783 to €680
- Taxes +€2,812
up €2,812 (+82.3%), from €3,418 to €6,230
- Gross operating margin -€2,273
down €2,273 (-3.6%), from €64,007 to €61,734
- Financial charges -€2,265
down €2,265 (-20.1%), from €11,252 to €8,986
- Other operating charges +€2,035
up €2,035 (+18.4%), from €11,057 to €13,092
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €804,367 | €789,314 | -€15,053 | -1.9% |
| Fixed assets | 21/28 | €423,676 | €394,894 | -€28,782 | -6.8% |
| Intangible fixed assets | 21 | €19,150 | €17,144 | -€2,006 | -10.5% |
| Tangible fixed assets | 22/27 | €404,527 | €377,751 | -€26,776 | -6.6% |
| Land and buildings | 22 | €401,684 | €376,564 | -€25,119 | -6.3% |
| Plant, machinery and equipment | 23 | €679 | €152 | -€527 | -77.6% |
| Furniture and vehicles | 24 | €2,164 | €1,035 | -€1,129 | -52.2% |
| Current assets | 29/58 | €380,691 | €394,420 | +€13,728 | +3.6% |
| Stocks and contracts in progress | 3 | €250,260 | €200,250 | -€50,010 | -20.0% |
| Stocks | 30/36 | €250,260 | €200,250 | -€50,010 | -20.0% |
| Amounts receivable within one year | 40/41 | €37,266 | €26,039 | -€11,227 | -30.1% |
| Trade receivables | 40 | €35,777 | €24,550 | -€11,227 | -31.4% |
| Other amounts receivable | 41 | €1,489 | €1,489 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €92,840 | €168,130 | +€75,291 | +81.1% |
| Deferred charges and accrued income | 490/1 | €326 | - | -€326 | |
| Total equity and liabilities | 10/49 | €804,367 | €789,314 | -€15,053 | -1.9% |
| Equity | 10/15 | €428,271 | €432,235 | +€3,964 | +0.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €400,060 | €400,060 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €398,200 | €398,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,611 | €13,575 | +€3,964 | +41.2% |
| Amounts payable | 17/49 | €376,096 | €357,079 | -€19,017 | -5.1% |
| Amounts payable after more than one year | 17 | €284,671 | €262,476 | -€22,195 | -7.8% |
| Financial debts | 170/4 | €284,671 | €262,476 | -€22,195 | -7.8% |
| Amounts payable within one year | 42/48 | €91,425 | €94,603 | +€3,178 | +3.5% |
| Current portion of amounts payable after more than one year | 42 | €21,642 | €22,195 | +€554 | +2.6% |
| Trade debts | 44 | €1,869 | €9,143 | +€7,274 | +389.1% |
| Suppliers | 440/4 | €1,869 | €9,143 | +€7,274 | +389.1% |
| Taxes, remuneration and social security | 45 | €8,514 | €8,365 | -€149 | -1.7% |
| Taxes | 450/3 | €6,917 | €8,365 | +€1,448 | +20.9% |
| Remuneration and social security | 454/9 | €1,597 | - | -€1,597 | |
| Other amounts payable | 47/48 | €59,400 | €54,900 | -€4,500 | -7.6% |
| Remuneration, social security and pensions | 62 | €7,783 | €680 | -€7,103 | -91.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,891 | €28,782 | -€1,109 | -3.7% |
| Other operating charges | 640/8 | €11,057 | €13,092 | +€2,035 | +18.4% |
| Gross operating margin | 9900 | €64,007 | €61,734 | -€2,273 | -3.6% |
| Operating profit (loss) | 9901 | €15,275 | €19,180 | +€3,905 | +25.6% |
| Financial charges | 65/66B | €11,252 | €8,986 | -€2,265 | -20.1% |
| Recurring financial charges | 65 | €11,252 | €8,986 | -€2,265 | -20.1% |
| Profit (loss) for the period before taxes | 9903 | €4,023 | €10,194 | +€6,170 | +153.4% |
| Income taxes | 67/77 | €3,418 | €6,230 | +€2,812 | +82.3% |
| Profit (loss) for the period | 9904 | €606 | €3,964 | +€3,358 | +554.3% |
| Profit (loss) for the period to be appropriated | 9905 | €606 | €3,964 | +€3,358 | +554.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.